Post
Topic
Board Bitcoin Discussion
Re: Bitcoin hater contradicted by page he posted on?
by
ggoner
on 22/06/2014, 04:38:53 UTC
Fiat currency is based on faith in the government issuing it. Cryptocurrency is based on an undeniable and unalterable mathematical certainty. Fiat is like religion... either you have faith or you don't. Currently the masses have faith. That may not always be the case. When faith fails the system collapses. Cryptocurrencies do not require either faith or a government, or for that matter the blessing of the Ludwig von Mises Institute.